Republicans and Real Estate

In the face of the real estate collapse and so on, the Republicans are crascking up. Milt Romney, the so-called leading Repub. Candidate is a right-wing lunatic. Of course, John McCain is virtually washed up. What is even more interesting is the high dropout rate from the Republican leadership in Congress. Maybe they can't stand Dick Cheney any more, and are dropping out of politics. Of course with the collapse of the real estate bubble, the Republicans seem set to take the blame, with their wild rhetoric for "free enterprise" and cheering on the biggest bubble in history, including the real estate bubble. Ironically, the free enterprise gang is now demanding to be bailed out by the Fed Reserve and the Treasure, to the tune of the Fed Reserve buy up of hundreds of billions of MBS and ABS. (Mortgage Backed, Asset Backed Securities).

Eight-term Republican Congresswoman Deborah Pryce (R-OH) announced today in Columbus, that she will not seek re-election, citing family considerations. Pryce was the fourth-ranking Republican when the GOP controlled the House before the 2006 elections. She is the third House Republican to make such an announcement recently, as the GOP chances in the 2008 election move closer and closer to zero. The others are former Speaker Denny Hastert and Ray LaHood of Illinois.